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September 1, 2016

FORTUNE: DRAFTKINGS RAISES GIANT NEW FUNDING ROUND – 9/1/2016

By Dan Primack

Fantasy sports site gets capital boost, just before the new NFL season kicks off.

DraftKings, the controversial daily fantasy sports site, has raised $153 million in new venture capital funding, Fortunehas learned.

New investors include Revolution Growth, an investment firm co-founded by Washington Capitals and Washington Wizards owner Ted Leonsis. DraftKings previously had raised money from investment firms associated with New England Patriots owner Robert Kraft and Dallas Cowboys owner Jerry Jones, while Major League Baseball also holds a small equity stake.”

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September 1, 2016